Apple iPhone Mini: Price from $200 to $250?

Apple's iPhone mini will have lower financial arrangements comparable with the iPad and iPad mini. Analysts are also claiming that the idea of Apple releasing a low-priced iPhone mini is to defeat its competitor, Samsung.

According to Neil Mawtson of Strategy Analytics, the technology giant Apple could be competing against Samsung's Galaxy S3 Mini. However, Mawtson thinks an iPhone mini release this year is a move too quick for the company.

"We believe Apple will have to launch an 'iPhone Mini' at some point over the next three years to address the hundreds of millions of prepaid users worldwide that cannot afford the current iPhone. The iPhone 5 is growing fast and profitably right now, so there is limited incentive for Apple to launch a profit-squeezing 'iPhone Mini' this year," analyst Neil Mawtson said to CNET.

"We expect the 'iPhone Mini' to be more likely next year, in 2014, when Apple's penetration of the global postpaid smart phone market will be nearing saturation and Apple will be forced to discover fresh growth streams elsewhere," Mawtson further added.

Meanwhile, other exciting rumors continue to surface with Apple's upcoming devices. According to The Inquisitr, a next generation iPhone is slated to include more highly developed features of an iOS and Mac OS X together with pico projectors that produce virtual keyboards and full-screen desktop display.

This year, Apple is also forecasted to venture into the smart watch market with its iWatch gadget. An iWatch would reportedly enable users to monitor and organize their iPhone and iPad.